Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan.
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Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan.
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Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan.
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Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan.
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Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan.
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The dollar was steady to higher in N.Y. trade on Thursday, helped initially by better retail sales and a modest drop in initial jobless claims. Equities turned higher, which helped the greenback at the margins, though short covering took EUR-USD off its lows into the London close.
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The European morning experienced a modest correction from some of the overnight moves. A Nikkei move into bear market territory was the catalyst for steep opening losses for European markets, but following through was limited. Stock markets steadied, albeit in negative territory, led by a rally in the Nikkei futures market, which encouraged a USD-JPY rebound from 93.80 to 94.30 versus Asia highs over 96.00.
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The European morning experienced a modest correction from some of the overnight moves. A Nikkei move into bear market territory was the catalyst for steep opening losses for European markets, but following through was limited. Stock markets steadied, albeit in negative territory, led by a rally in the Nikkei futures market, which encouraged a USD-JPY rebound from 93.80 to 94.30 versus Asia highs over 96.00.
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The European morning experienced a modest correction from some of the overnight moves. A Nikkei move into bear market territory was the catalyst for steep opening losses for European markets, but following through was limited. Stock markets steadied, led by a rally in the Nikkei futures market, which encouraged a USD-JPY rebound from 93.80 to 94.30 versus Asia highs over 96.00.
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Movement in Asia was dominated by further Japanese market losses, which triggered more deleveraging. The Nikkei closed almost 5% lower, having lost as much as 6% during the session, which fueled a sustained USD-JPY move under 95.00, which kept EUR-USD elevated over 1.3350 and Cable close to 1.5700.
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